CoreWeave-funded $575M capex credit
Company: Core Scientific
What the later record shows
Outcome not yet confirmed
Later passages only restate the funding terms (now ~$750 million, up to $1.5M per MW). None reports how much CoreWeave actually funded in 2024.
“Up to $1.5 million per HPC MW (or approximately $750 million) of data center build out costs are funded by CoreWeave and credited against hosting payments”
2025-02-26 · Fourth Quarter Fiscal Year 2024 Earnings Presentation View cached copy (2026-11-06)Live source ↗Archive.org ↗
Checked November 11, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
CoreWeave to fund up to $1.5M per HPC MW (~$575M) of data center build-out costs in 2024, credited against hosting payments at no more than 50% of monthly fees until repaid.
Source (primary)
Second Quarter Fiscal Year 2024 Earnings Presentation (IR page (investors.corescientific.com), ir_presentation)
View cached copy (2026-11-11)Live source ↗Archive.org ↗
Quote: “2024 CoreWeave funds $575 million in cash, and Capex Credit prepayment recorded as deferred revenue”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms Second Quarter Fiscal Year 2024 Earnings Presentation
Quote: “2024 CoreWeave funds $575 million in cash, and Capex Credit prepayment recorded as deferred revenue”